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Fipto raises €15m for blockchain-based treasury management offering

By Gloria Methri

September 15, 2023

  • Borderless Cryptocurrency and Fiat Payment Platform
  • Crypto to Fiat
  • Digital Asset Service Provider
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Fipto, Treaasury Management, FinTech, Fipto, Blockchain, Digital Assets, Fiat to Crypto, FranceFrench Treasury Management FinTech Fipto has raised €15 million in a seed funding round led by Serena and Motier Ventures. The funding will help accelerate Fipto’s platform that enables companies to manage their corporate treasury and make international payments in fiat and digital currencies using blockchain technology.

This funding round follows Fipto’s registration as a Digital Asset Service Provider (DASP) with the French Financial Markets Authority (AMF) in March.

‍”Payments in digital currencies make it possible to simplify international transactions,” said Fipto CEO and co-founder Patrick Mollard. “Traditional transactions can take several days to complete, are difficult to trace, and can be costly because they involve numerous intermediaries.”

“None of the other existing digital currency payment solutions provide a complete solution to the challenges of compliance, security, asset valuation, and auditing,” said Fipto’s Business Development Director and co-founder Grégoire Andrieu. “Compatible with the main digital currencies such as USDC, USDT, ETH, and BTC, Fipto also enables businesses to make payments in traditional currencies, while respecting the requirements of their compliance and finance departments.”

As well as making payments, Fipto allows customers to take full control of their digital assets, while also managing and consolidating their corporate treasuries in compliance with French DASP and forthcoming European MiCA regulatory requirements.

‍”Blockchain will transform businesses;” said Fipto Chief Operating Officer and co-founder Bertrand Godin. “It is a game changer in terms of security, technology, and cost, but above all on trust. Being registered with the DASP means we can promise compliance at the highest level.”

Serena Partner Bertrand Diard said, “The team’s unique experience, ambition, and in-depth knowledge of banking and payments, combined with their expertise in blockchain technology, will enable Fipto to become a global reference for businesses who need financial services based on this innovative technology. Thanks to its secure and compliant infrastructure, we are convinced that blockchain will profoundly transform the world of financial services and that Fipto will become a leader in its field.”

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